Thank you for your response. I will double check that the basis is calculated based on the information provided. However, where do I go in the Turbotax Business desktop software to adjust/remove the disallowed section 179 carryforward? I can't find the correct area to remove the carryforward under Step-by-Step mode and the software will not let me delete the carryforward from Line 10 of Form 4562 under Forms mode.
The disallowed section 179 carryforward was made up of two assets. I was able to find where to remove the section 179 deduction that was originally assigned to each of these assets in their Asset Information section of the Asset Entry Wks, but I do not know where to go in the software that will allow me to remove the overall disallowed section 179 carryforward that flows into Line 10 of Form 4562.
